Implementation of Actions

The Program of Projects that was asked from the Company to carry out, from its beginning till now, mainly includes the construction of nearly 1000 km of the new road network in Northern Greece, specifically the construction of Egnatia Odos (A2) and the vertical roads on the highway. Furthermore along with these projects, there were other projects commissioned to the Company, by various CMD during 2010 concerning new projects of the Northern Greece Regions, the islands of North & South Aegean, connections with ports and airports, interventions in the area of Thessaloniki, improvements to the existing road network, works for road safety etc.

The implementation progress of all the actions that included today

in the EGNATIAs S.A. Project Schedule is as follows:

The highway of Egnatia Odos (A2)

The Vertical Roads on Egnatia Odos (A2)

The main traffic artery (Egnatia Odos Highway) is completed in the level of project studies. The Department of Project Studies prepares additional studies to ensure the connection with settlements and vicinity areas. These studies within the liability of Egnatia S.A. with a guaranteed financing are:

object

funding

values mil €

(inc. vat)

VR Derveni – Serres - Promachonas

DDM (2007-2013)

4.70

Suburban road of Serres (Phase a)

DDM (2007-2013)

1.59

Suburban road of Serres (Phase b)

DDM (2007-2013)

1.79

Drama – Kavala

O.S. Macedonia-Thrace (2007-2013)

4.10

Xanthi – Echinos – Greek/Boulgarian

border

Interreg “Greece-Bulgaria”

8.30

Road Safety

EP-EP

7.35

U.W.D.A. (Uncontrolled Waste Disposal Area)

EPPEPAA

0.60

Highway connection of Egnatia – PATHE with the airport of Thessaloniki

DDM (2007-2013)

11.84

Urban Water Transportation of Thessaloniki

EP-EP

1.00

Dioikitirio

National Funds

0.30

A.Es.Per

There is a submission pending to EP-EP

14.00

ΣΥΝΟΛΟ

55.57

The main case of these studies is focused on the Vertical Roads on the axis of Egnatia Odos and on the bids of recent and new projects. In particular:

V.A. Thessaloniki-Serres-Promachonas

V.A. Serres-Drama-Kavala

V.A. Xanthi-Echinos-Greek/Bulgarian borders

Road Safety

Management of Waste Disposal

TheStrategic PlanningofTransportInfrastructure in the Greater Area of Thessaloniki

New bridge over the Greek – Turkish borders of Evros

Detour of Igoumenitsa and new road network through Igoumenitsa-Sagiada-Mavromati

ContractsIn Progress

Summary of the actions concerning the works/studies/services in progress today is the table below:

Contract type

Number of

contracts

Current contract value

(in mil € including VAT)

Constuctions

42

659.495

Studies

184

43.955

Services/Supplies

57

2.379

LES Works

9

147.513

LES Services

23

14.695

TOTAL

291

847.029

Services of Technical Advisor outside the Greek State

Between 2013 and June 2014 the actions of Egnatia Odos S.A., in the areaof advisory servicesabroadinconstruction management and supervision and constructionin largeinfrastructure(mainlyroads) are as follows:

Serbia

Albania

Romania

Organization of Black Sea Economic Cooperation

International Transport Association (International Road Union IRU)

Participations in Tenders

Natural Disasters

Cyclades

In February of 2003 the extremely high rainfall in the region of Cyclades caused devastating landslides and major problems in networks and infrastructures. After Egnantia Odos S.A. undertook the responsibility of dealing with the destructions (31.03.2003) immediate work contracts were given to 18 contractors in 19 islands concerning a)operationson roadsb)interventionsinwater supplyand sanitationc)flood controlprojectsandd) tackling landslides. Themajorityof subcontractorsstartedby earlyJune2003and the works were completedby mid-2004.

InNovember 2013, at the invitationof the RegionalSouthAegean Prefect, an autopsy was conducted, by atechnicalgroupof EgnatiaOdos S.A.on the roads ofRhodes, due to heavy rainsthat hittheisland. The autopsywas performed onlocationson the road network andfocusedmainly in infrastructure hydraulic, geotechnicaland structural problems.

KefaloniaAfterthe recent earthquake inKefalonia(01.26.2014) andwithconsiderable experiencedealingwith emergencies, the Company has agroupof 10 engineersof all specialties,for the treatment andorganization of proceduresand the recovery ofdamages in the infrastructureof the island.